rlim
Long

SPY trending up on 1hr, 4hr, 1d charts

BATS:SPY   SPDR S&P 500 ETF
18 2 0
SPY             is trending up on 1hr, 4hr, and 1d charts.
I want to see support around 211.31 in the 1 hr             chart.
If that fails as a support, I would expect the zone around 210.45-210.66 to act as support in order to keep the trend.
The next support is 208.92

Fundamentally, Yellen said she is going to be patient w/ raising rates, so I think the market will climb higher w/ less fear of rising rates.

I am going to place a short April put spread position @205. Because I believe SPY             is in an uptrend, and there are multiple resistances before 205, I think this is a safe bet. I think the market will hold above 205 in the next 2 months.
rlim
2 years ago
snapshot
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rlim rlim
2 years ago
Is SPY going to consolidate between 210.64 and 212?
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